Little Falls transcript., 1887-02-25

Several bills providing for the issue
Of borils in aid Of the improvement Of
the water power Of the Mississippi
river at this village have been intro
duced in and passed the legislatu ure this
week. Moriisou'ccunty is authorized to
issue bonds te the amount of ss5 900
the village of Little Falls $4,000, the
town Of Little Falls $25,OOO. the town
Of Pike Greek Sl5 600. and the town Of
Belle Prairie $4,000; all which are 10
bear interest al S per cent, payable
annually, and payable 80 years from the
date of issue, ;
The question OF the issue of the bonds.
to he submitted to a vote of the several,
cjpslltiss authorized to issue the
sam" al the first annual election after
the party or parties proposing 10 build
the dam and make fhe improvements
file with the County auditor. and village,
recorder and the town clerks Of the.
several towns authorizing the county to
TO issue the bonds, as stated, setting
forth their Intention Of magiDg the
Improvement, and the extent Of the
Improvement intended to lie made as
near as practicable, and the estim ated
cost. The bill however, provides that
the question may be determined by
special election after the statements are
properly filed, in case SPECIAL election
ia p"titioned for. The bonds cannot be
used in aid of the dam and improve.
ment until they are compl'ted in
accordance with the statement fled, and
the cost Of the Improvement made must
have been al least equal TO the toral
amount Of the bonds iSaucd in aid
thereof. ShouId the issue OF The bonds
bc defeated at any election the question
may again he submitted on new state
ments heisg fled as provided for in the
first instance,
II will he two years be:',r' TIE loeist
ture will again "onrerr 'nr which
reason it was thought advi -a''n to place
people of Little Falls and cf The county
in general in a position to help them
selves if they chose 80 to do
A large amount Of capital is living
idle in the East rendy to ccne Yves. on
| ans ird"rement being off,net1 If the
~ ople Of This ln"ality viii exercise a
II par "n'oni, Of a. tivi1v in the matter
'h"v can srcnre ,tnir sla"e Of the ah.
var}Hres> Nature has do III that il
con for Us. All that ,> required is
| cooperation on onr part to make the
future OF his place secure
1t does hot rcQn"re a person with a
profound knowledge of political econo.
| my to see that the issue Of the bonds in
| in aid of the improvements would he no
burden en- 'iIe tax payers ol the several
| municipalities authorized to ISSUE the
s"ne. So far as the county is concerned
tue Improvement Of the water power at
This. place would add sufficient amount
ot taxable property to the present valua
ton of the county to more than pay the
taxes imposed by the bonds. The ex.
penseS OF the county in 1855 wrr'
$4,000. The county is hon<1ed for
$4,000. The additional taxah'c prnpe,
ty would certainly contribute in take
TO the payment Of the $2O.0)O annual
expenses Of the county and the lonc,
already issued by '"e county AZ amount
more than sufficient to counterhalance
the taxes imposed by til" improvement
] bonds.
BTainer1 Journal: Mr.. Lum has
proven him sefa faithful friend 81
BrAinerd during the fi2 ut that has hcpn
made against the Water. Power '
Boom company. a little varlIatir